US Tax & Financial Services for Estate Planning
Tax issues arise from many day to day events. This is especially true of the US tax system and is particularly relevant to the multinational family.
Below are a number of life events that may affect an individual:
- Children’s Trusts
- Joint Accounts
- Bestowed Gifts
- Lottery Winnings
- Sale of Property
Failure to address these issues with efficient tax planning before the event occurs can lead to unpleasant and costly tax charges.
See Trusts for more information.
Did you Know?
Fact SevenThanks to FATCA banks must disclose their American account holders to the IRS or local tax authority.
Fact SixThe IRS is actively looking for non compliant US persons.
Fact FiveIt takes an average of 16 hours to do IRS Form 1040.
Fact FourThere are over 500 IRS tax forms.
Fact ThreeSince 1916, illegal income has been taxable.
Fact TwoUS persons must file tax returns no matter where they live and work.
Text One7 million Americans abroad
only 500,000 compliant